Thursday, May 21, 2020

President Trump's Speech at Ford Motor Company (May 21st 2020)

President Trump discusses manufacturing in the US and the history of Ford. For decades we have moved jobs overseas and abandoned old supply chain networks. This creates some national security issues as our capacities are lost, intellectual and labor "know how" dwindles, and innovation moves to emerging nations with higher growth rates. By bring back these capabilities and encouraging central supply chain networks into the US we generate more sustainable wealth.

I also support resource extraction and the capabilities to do so. Other nations can diversity our supply but we need to maintain our rock-to-retail ingenuity. Spill over suppliers create tertiary businesses and innovations that leads to further innovative growth beyond that line of development.

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